How To Buy Ecomi On Bitforex
Introduction to the topic
ECOMI is a Singapore-based tech company that wants to be a leader in the new field of digital collectibles and in protecting digital assets. Through the VeVe app, ECOMI is a one-stop-shop for digital collectibles, bringing pop culture and entertainment into the 21st century.
BitForex is also a platform for exchange services, and it is one of the top 10 exchange services for cryptocurrencies. Its main goal is to give millions of users a safe, professional, and easy-to-use tool for trading and investing in digital currencies.
Buying OMI On Bitforex
Bitforex is another crypto exchange that has been around for a while and lets users buy and sell OMI against Tether (USDT). For Bitforex users to buy OMI, they will need to:
- Go to the website Bitforex.com.
- Sign up for a user account.
- You can buy USDT on a trusted exchange like Binance.
- Move USDT from Binance to the wallet on your Bitforex account.
- Users can also buy USDT right on the Bitforex trading platform with a debit or credit card, making it easier.
- The Bitforex Team makes it easy for people to learn how to use the platform by giving them a series of video tutorials.
- Once USDT has been successfully deposited into the user’s account wallet, investors will need to type “OMI” into the search bar.
Where and how to buy ECOMI (OMI)?
To buy OMI on BitForex, you would first have to buy Bitcoin, convert it to USDT, and finally to OMI. BitForex doesn’t support fiat payments. You can use crypto tokens to buy OMI or use a third-party service to pay with a credit or debit card. On the other hand, AscendEx lets you buy OMI directly with fiat money.
On BitForex, there are two ways to buy OMI. First, you can use a cryptocurrency wallet like Coinbase, and second, you can send and receive cash. But if you want to use fiat money to buy crypto on BitForex, you need to use either Mercury or Paxful, both third-party services that BitForex works with.
How Do I Use a Crypto Wallet to Buy OMI on BitForex?
Having a crypto wallet is helpful when using services like Coinbase to buy and send crypto. It’s also a free wallet to use. So, if you want to use this method, you need to do the following:
- Sign up for a free BitForex account.
- Sign up for a free Coinbase account and get a $10 bonus.
After setting up your accounts, follow these steps to move your cryptocurrency from your cryptocurrency wallet to your cryptocurrency address on BitForex so you can buy OMI tokens:
The next step is to copy your BTC deposit address or the deposit address for whatever cryptocurrency you want to move from Coinbase.
After copying your deposit address for digital assets, you would need to go to the Coinbase transfer page and paste it there since this is the address where you want to receive crypto.
Where and how to buy ECOMI (OMI)
You’re excited to buy some OMI tokens and hope to become a millionaire early on if it takes off, right? So, how do you buy OMI on BitForex or BitMax? This is precisely what I will tell you in this guide for first-time buyers!
To buy OMI on BitForex, you would first have to buy Bitcoin, convert it to USDT, and finally to OMI. BitForex doesn’t support fiat payments. You can use crypto tokens to buy OMI or a third-party service to pay with a credit or debit card. On the other hand, AscendEx lets you buy OMI directly with fiat money.
In this article, I’ll show you how to buy OMI step-by-step and give you all the resources and tips you might need to avoid getting ripped off.
If you think this post is exciting and helpful, please send it to your friends. (All my sharers out there get virtual high fives and awkward hugs)
What are VEVE and ECOMI-OMI?
VEVE is a premium licensed digital collectibles marketplace that is based in Singapore and uses blockchain technology. It works with big brands like Ultraman, Batman, Cartoon Network, Harley Quinn, Ghostbusters, etc. The former collect ecosystem, called ECOMI or OMI, is backed by the crypto token VEVE.
Who is in charge of VEVE?
The CEO of ECOMI is David Yu. He started his first business in 1996, and since then, he has created many more in the retail and license industries. Daniel Crothers and Joseph Janik also began ECOMI.
Where Can I Buy an OMI Token?
Many people have been searching online for “How do I get ECOMI crypto tokens?” At one point, I was one of those people who went above and beyond to find the correct information online. Until I figured it out myself and bought 14,000+ OMI tokens (a screenshot is at the end of this article!)
The OMI token is only available on the BitForex and BitMax exchanges. This is to avoid any scams. Here is a quick summary of buying OMI on both BitForex and BitMEX.
How Do I Buy ECOMI on BitForex?
On BitForex, there are two ways to buy OMI. First, you can use a cryptocurrency wallet like Coinbase, and second, you can send and receive cash. But if you want to use fiat money to buy crypto on BitForex, you need to use either Mercury or Paxful, both third-party services that BitForex works with.
How Do I Use a Crypto Wallet to Buy OMI on BitForex?
Having a crypto wallet is helpful when using services like Coinbase to buy and send crypto. It’s also a free wallet to use. So, if you want to use this method, you need to do the following:
- Set up a free account at BitForex.
- Build a free account on Coinbase, and get a $10 bonus.
Here are the easy steps you need to take after setting up your accounts to move your cryptocurrency from your wallet to your cryptocurrency address on BitForex to buy OMI tokens.
Join BitForex and start trading. The next step is to copy your BTC deposit address or the deposit address for whatever cryptocurrency you want to move from Coinbase.
Important tip: If you wish to deposit Bitcoin, make sure you choose BTC and not any other digital asset! If you don’t, you might lose it, which you don’t want.
After copying your deposit address for digital assets, you would need to go to the Coinbase transfer page and paste it there since this is the address where
you want to receive crypto.
First, you would have to move your balance from the wallet to a “Spot” account so you can trade them and turn them into any other digital asset.
Go to your BitForex panel and click “Transfer” to do this. Check out the picture note that there are no fees for moving digital assets between a wallet and a spot account. Here are the five quick steps you need to take to buy OMI tokens:
Step 1: Choose a coin or token from your wallet. When you send Bitcoin from Coinbase, the code is BTC.
Step 2: Choose where you want to send the money from. In your case, this is a “wallet.”
Step 3: Choose where you want to send your money, which in this case is the “spot account.”
Step 4: Select how much money you want to send to your spot account.
Step 5: Click “Confirm,” and you’re done!
So, here’s a quick rundown of what you’ve done so far.
Your digital asset has been moved from your Coinbase wallet to your BitForex wallet.
You moved your digital asset from the wallet on BitForex to the spot account.
You are now all set to buy OMI tokens. You would have to trade your Bitcoins for USD Tether (USDT) and then turn your USDT into OMI. (This is the last step, which is also easy.)
Also, Tether is a controversial digital currency whose tokens are made available by Tether Limited. It used to lie and say that each ticket was backed by one US dollar, but on March 14, 2019, it changed that to include loans to affiliate companies.
After that, you would need to scroll down and trade all of your BTC for USDT so you can buy OMI.
It says I have 0 BTC because I already moved them into OMI, but I have more than 14,000 OMI tokens in my wallet (I will show you in a few.)
Now, you’re done with BTC for good. So, if you wanted to buy OMI, you would have to switch to USDT/OMI. Here’s what you need to do.
How Do I Use Fiat Money to Buy OMI on BitForex?
BitForex doesn’t accept payments in fiat currency yet, but you can use one of their approved third-party services, which will cost you.
Mercury lets you buy digital crypto assets with your credit card or debit card, but it can get expensive.
Paxful, it’s a peer-to-peer cryptocurrency market where people buy and sell cryptocurrencies. If, for example, you want to trade $100 for BTC, the system will find you a seller or give you the option to choose a seller based on reviews, and the money will be transferred safely through Escrow.
Where is ECOMI kept?
Since hundreds of millions of digital assets are stolen every year, it’s more important than ever to keep your digital currencies and private keys safe. Here are the various ways you can store your OMI tokens:
The most expensive option is the ECOMI Secure Wallet, which costs $199.00. It was made and sold by ECOMI itself. The Secure Wallet has world-class security and is very easy to carry around. It is the first cold storage hardware wallet the size of a credit card.
Metamask is a wallet for Ethereum and a Chrome extension that lets you send, receive, and store Ethers through a decentralized application (dApp) of your choice. MetaMask charges a service fee of 0.875%, which is added to each quote. The price helps the company keep working on MetaMask, the company says.
Just keep them in your BitForex or Bitmax wallet. These platforms are very safe, especially if you have two-factor authentication and a strong password. I’m leaving them on BitForex, but that doesn’t mean it’s the best option. It’s just one of them, and my investment isn’t huge, so it’s not a big deal.
Watch How To Buy Ecomi On Bitforex-Video
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Top 2 FAQs and answers related to How To Buy Ecomi On Bitforex
When did Ecomi start to trade on BitForex?
On May 12, 2019, investors who have signed up on BitForex will be able to buy OMI. On May 12, 2019, BitForex will host an Initial Exchange Offering (IEO) for ECOMI Collect’s utility token, OMI.
Is Ecomi an excellent place to put your money?
The site says that in five years, the coin will be worth $0.004. If these predictions come true, investors could make 60% of their money by 2027. Using 38 technical indicators, CoinCodex is more bullish (22%) than bearish (78%) about Bitcoin. In a month, the value of ECOMI is expected to go up by 8.9%.
Conclusion
BitForex is a company that cares a lot about its customers and uses cutting-edge financial technology. BitForex is built to quickly adapt to changes in the Crypto market and add new features, such as margin trading, improved trading charts, derivatives, and more.
Also, ECOMI is a Singapore-based blockchain project, and it is also the name of the company that started this project. The company’s CEO is David Yu, and Joseph Janik and Daniel Crothers began the business with him.
